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In 2023, the European Investment Bank Group signed new financing contracts for close to EUR88 billion for high-impact projects in EU policy priorities, including climate action, sustainable infrastructure, and healthcare, EIB President Nadia Calviño announced in Brussels on Jan. 25, 2024.
Findings from the latest CMS Emerging Europe M&A 2023/24 report, released on Jan. 25 in cooperation with EMIS, show the resilience of the Emerging Europe deals market as activity holds firm against a backdrop of geopolitical tensions and strong inflationary pressures.
Furniture producer Spectral Mobila has started building a logistic center near the plant it owns in Tutova, Vaslui county.
The balance between professional and personal life has become as important as wages for Romanian employees and just half of them believe a full-time job will be an ideal formula in the future, in line with the 2024 edition of Workmonitor Romania survey conducted by HR company Randstad Romania.
For a long time, local entrepreneurs in all the fields of the Romanian economy have had a cautious approach in business, preferring to anchor their businesses locally. Meanwhile, following the model of businesspeople in the West or even in countries in the region such as Poland, many of them have gathered the courage to expand abroad.
Eversted, the brand under which an air filter plant, as well as a mask one operate in Prahova county, will also develop starting 2024 on the hygiene segment and will produce wipes.
Nuclear power producer Nuclearelectrica has for 2024 budgeted RON1.3 billion net profit, down 47.8% from 2023, amid total revenues of RON4.66 billion, 41.7% lower, in line with the revenues and expenses budget set to be submitted to voting on February 28.
Several cooperatives part of BOVICOOP, which bring together over 17 cooperatives with a number of over 600 farmers of Transylvania, have launched their own dairy brand, Naturlact, thus entering a market where the biggest players are names such as Albalact, Napolact, Danone, Hochland and Olympus.
Industrial ventilation equipment manufacturer Ruck Ventilatoare in Tarnaveni, Mures County, the local subsidiary of the Germany’s Ruck Ventilatoren GmbH, ended 2023 with a more than EUR27 million revenue and expects business to grow this year.
Aluminum producer Alro Slatina (ALR.RO) sold 14,541 tons of primary aluminum to third parties in the last three months of 2023, 26.5% more than in the same period in 2022, according to ZF calculations based on data from a report published at the Bucharest Stock Exchange.
Natural gas transmission company Transgaz (TGN.RO) set RON2.06 billion as „operating revenue” in its spending and revenue budget for 2024, which means a 19.2% increase on the estimated 2023 figure.
Teilor Holding, a group of companies with bonds listed on the Bucharest Stock Exchange, which includes Teilor luxury jewelry chain, finance company Invest Intermed GF IFN and Teilor Invest Exchange, announces that it invested RON8 million in developing the financial services network MoneyGold, in 2023.
Romania's energy minister Sebastian-Ioan Burduja and Ion Sterian, Director-General of state-run natural gas transmission company Transgaz (TGN.RO), have signed two funding contracts for two investment projects.
Patristrans VT Logistic in Apahida, Cluj County, a company that transports general freight by road, ended last year with RON50 million (about EUR10 million) revenue, up 10% from the previous year and expects similar growth this year, its officials say.
Veolia Romania Integrated Solutions (VRSI), a member company of Veolia Romania and provider of operation, maintenance, and management services for water, sewerage, and thermal energy systems, on Jan. 15, 2024 signed an additional agreement extending until 2045 the concession contract targeting water and sewer services in the town of Otopeni.
Greece’s PPC Group, which officially became the owner of all Enel companies in Romania in 2023, estimates Romania’s electricity demand will increase by 10% by 2030, which means additional investments in clean energy sources are needed to stimulate the competitiveness of the economy.
Investment fund Early Game Ventures (EGV) has co-opted Florin Vişa as a partner, an expert with 24 years of experience in private equity, venture capital, M&A, and corporate finance in Central and Eastern Europe, EGV representatives said in a statement.
Investors registered on SeedBlink, a local equity crowdfunding platform that eases investments in European technology startups, allocated a total EUR342 million for the financing of 250 startups from 15 countries, SeedBlink representatives said in a statement.
Private lending in Romania kept going up slightly in December 2023, seeing an increase of 6.4% in nominal terms (down 0.2% in real terms) to RON387 billion compared with December 2022, central bank data showed on Tuesday (January 23, 2024).
Mastercard has opened the application window for its Strive EU Innovation Fund – a new initiative aimed at accelerating the development of solutions to support European small businesses on their digital journey.19990 items